A banking Trojan malware has been detected in the Indian cyberspace that is lurking to attack bank customers using Android phones and has already targeted those from more than 27 public and private sector banks, the country's federal cyber security agency said in a latest advisory.
The official twists and turns have raised questions on the government's credibility and its ability to pull the nation out of the demonetisation quagmire. To keep up with the new rules, the government has issued an updated FAQ on demonetisation.
While law-abiding customers are harassed for KYC and have to comply with endless paperwork even to open and close accounts, DHFL could easily open nearly 260,000 fake home-loan accounts, reveals Debashis Basu.
Customers have other options available to them to do low-value transactions, if wallets start mandating full KYC and would switch to those.
The people of India have 50 days, from November 10 to December 30, to deposit notes of Rs 500 and Rs 1,000 in any Bank or Post Office.
About 45 per cent of those who are part of the workforce, or about 207 million, are estimated to be engaged in agriculture and many of them will be outside the income-tax net and hence may not need a PAN. So, what does allotting PAN to 369 million individuals actually mean, wonders A K Bhattacharya.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
Here's the full text of Prime Minister Narendra Modi's address to the nation where he announced the demonetisation of Rs 1,000 and Rs 500 notes with effect from midnight on November 8-9.
'The failure of the ECI to follow the Registration of Electoral Rules and create verified and audited rolls or even verifiable and auditable ones, highlight that the entire electoral roll is merely a compilation of names without any effort or intention for completeness, correctness or fair play.' 'We are fooling ourselves by electing our representatives based on faulty electoral rolls that do not represent the people of the constituency. Elections based on these rolls are neither free nor fair. Democracy is under siege,' says Dr Anupam Saraph.
'These protests are not just about the CAA. It is against allowing fascism and religious discrimination to creep into our legal system.'
A bench of Chief Justice Ranjan Gogoi and Justices L N Rao and Dinesh Maheshwari said it was only going into the aspect of security of the two women -- Bindu and Kanakadurga, and would not like to entertain any other prayer made in the petition.
He challenged the Congress to select someone 'capable' as its president, who did not belong to 'that one family'.
Relaxation in KYC guidelines has helped meet the target but this could lead to money laundering and financial malfeasance, it is feared.
